Residential Income Property with City
240 E 35TH Street 9B, New York City, NY 10016
For Sale
$575,000
Pending
Bright one-bedroom residence with generous storage, custom built-ins, and access to full-service cooperative amenities.
Property Size700 SF
Days on Market215
Property Features for 240 E 35TH Street 9B
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
MELINDA SICARI · License NY #10301210251
(917) 675-5048
Source:
Nobleblackandpartners
Added: Apr 9
Changed: Oct 31
Last Checked: Nov 8 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This bright corner one-bedroom residence features a galley kitchen, pantry and linen closet, bathroom with tub-and-shower combination, and a generously sized bedroom with two en-suite closets. A hallway walk-in closet adds substantial storage. The living room includes custom wooden built-ins, LED spotlights, multiple seating zones, and windows overlooking Midtown Manhattan, park, tree, and skyline views. The residence is located at 240 E 35TH Street 2B in New York City’s Murray Hill neighborhood.
The full-service cooperative offers a 24-hour doorman, live-in superintendent, roof deck with west, north, and east panoramas, landscaped backyard terrace, central laundry, bike room, storage, and a parking garage. Pets are celebrated, and parents buying for children, guarantors, co-purchasing, gifting, and pieds-à-terre are considered case by case. The building was constructed in 1956, with an assessment scheduled through August 2027.
The full-service cooperative offers a 24-hour doorman, live-in superintendent, roof deck with west, north, and east panoramas, landscaped backyard terrace, central laundry, bike room, storage, and a parking garage. Pets are celebrated, and parents buying for children, guarantors, co-purchasing, gifting, and pieds-à-terre are considered case by case. The building was constructed in 1956, with an assessment scheduled through August 2027.
Key Highlights
- Bright corner one‑bedroom residence with Midtown Manhattan, park, tree, and skyline views
- Generous bedroom with two en‑suite closets plus a hallway walk‑in closet
- Living room features custom wooden built‑ins, LED spotlights, and multiple seating zones
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
59,430
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Bright one-bedroom residence with generous storage, custom built-ins, and access to full-service cooperative amenities.
Where is this residential income property located?
The property is located at 240 E 35TH Street 9B New York City, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Bright corner one‑bedroom residence with Midtown Manhattan, park, tree, and skyline views; Generous bedroom with two en‑suite closets plus a hallway walk‑in closet; Living room features custom wooden built‑ins, LED spotlights, and multiple seating zones
